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Stockholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Summary of Stockholders' Equity
The following is a summary of the changes in stockholders’ equity:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
2018
 
October 1,
2017
 
September 30,
2018
 
October 1,
2017
Balance at beginning of period
$
430,539

 
$
487,049

 
$
573,203

 
$
527,736

Comprehensive income
396,564

 
23,488

 
436,347

 
52,978

Cash dividends ($.085 and $.07 per share for the three months and $.255 and $.21 per share for the nine months ended September 30, 2018 and October 1, 2017, respectively)
(20,141
)
 
(17,017
)
 
(60,786
)
 
(51,464
)
Repurchases of common stock
(56,421
)
 
(38,463
)
 
(141,615
)
 
(90,964
)
Share-based compensation
4,810

 
4,984

 
14,401

 
16,356

Exercises of stock options
29,075

 
4,033

 
35,889

 
10,194

Vesting of restricted shares
(1,168
)
 
(1,528
)
 
(4,089
)
 
(4,260
)
Cumulative effect of change in accounting principle (a)
—

 
—

 
(70,210
)
 
1,880

Other
60

 
49

 
178

 
139

Balance at end of period
$
783,318

 
$
462,595

 
$
783,318

 
$
462,595


_______________

(a)
During the nine months ended September 30, 2018, the Company recognized a net increase to “Accumulated deficit” of $70,210 as a result of adoption of amended guidance for revenue recognition. The net increase resulted from an increase to deferred franchise fees of $85,561 and a decrease to “Deferred income taxes” of $21,996 as a result of now deferring franchise fees over the contractual term of the franchise agreements. Additionally, an increase to “Advertising funds restricted liabilities” of $6,645 was recognized as a result of a reclassification of the total stockholders’ deficit of the Advertising Funds as of December 31, 2017. See Note 2 for further information.

During the nine months ended October 1, 2017, the Company recognized a tax benefit as a reduction to the Company’s deferred tax liability with an equal offsetting increase to “Accumulated deficit.” The adjustment was recognized as a result of adoption of an amendment to the accounting for employee share-based payment transactions.
Schedule of Accumulated Other Comprehensive Loss
The following table provides a rollforward of the components of accumulated other comprehensive loss, net of tax as applicable:
 
Foreign Currency Translation
 
Cash Flow Hedges (a)
 
Pension
 
Total
Balance at December 31, 2017
$
(45,149
)
 
$
—

 
$
(1,049
)
 
$
(46,198
)
Current-period other comprehensive (loss) income
(5,054
)
 
—

 
117

 
(4,937
)
Balance at September 30, 2018
$
(50,203
)
 
$
—

 
$
(932
)
 
$
(51,135
)
 
 
 
 
 
 
 
 
Balance at January 1, 2017
$
(60,299
)
 
$
(1,797
)
 
$
(1,145
)
 
$
(63,241
)
Current-period other comprehensive income
16,797

 
1,332

 
96

 
18,225

Balance at October 1, 2017
$
(43,502
)
 
$
(465
)
 
$
(1,049
)
 
$
(45,016
)
_______________

(a)
Current-period other comprehensive income included the reclassification of unrealized losses on cash flow hedges from “Accumulated other comprehensive loss” to our condensed consolidated statements of operations of $444 and $1,332 for the three and nine months ended October 1, 2017, respectively. The reclassification of unrealized losses on cash flow hedges consisted of $723 and $2,170 for the three and nine months ended October 1, 2017, respectively, recorded to “Interest expense, net,” net of the related income tax benefit of $279 and $838 for the three and nine months ended October 1, 2017, respectively, recorded to “Provision for income taxes.”